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If the forward rate is used to forecast the spot rate, and the forward rate of the Canadian dollar contains a 4% discount, and today's

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If the forward rate is used to forecast the spot rate, and the forward rate of the Canadian dollar contains a 4% discount, and today's spot rate of the Canadian dollar is $.78, what is the spot rate forecasted for one year ahead? Select one: O a. $.802. b. $.811. O c. $.749. O d. $.755. ne of the above

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